Virtu Financial LLC Purchases New Stake in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Virtu Financial LLC acquired a new position in Blade Air Mobility, Inc. (NASDAQ:BLDE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,431 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Blade Air Mobility by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 138,561 shares of the company’s stock worth $589,000 after purchasing an additional 4,118 shares during the period. SG Americas Securities LLC grew its position in Blade Air Mobility by 30.0% during the fourth quarter. SG Americas Securities LLC now owns 22,970 shares of the company’s stock worth $98,000 after buying an additional 5,297 shares during the period. Stifel Financial Corp increased its holdings in Blade Air Mobility by 18.9% in the third quarter. Stifel Financial Corp now owns 35,755 shares of the company’s stock valued at $105,000 after buying an additional 5,683 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Blade Air Mobility by 5.3% during the 4th quarter. Rhumbline Advisers now owns 140,779 shares of the company’s stock valued at $598,000 after acquiring an additional 7,037 shares during the period. Finally, Intech Investment Management LLC boosted its stake in shares of Blade Air Mobility by 55.4% during the 4th quarter. Intech Investment Management LLC now owns 27,742 shares of the company’s stock worth $118,000 after acquiring an additional 9,887 shares in the last quarter. Institutional investors and hedge funds own 47.36% of the company’s stock.

Insider Buying and Selling at Blade Air Mobility

In related news, CFO William A. Heyburn sold 103,670 shares of Blade Air Mobility stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.02, for a total transaction of $520,423.40. Following the completion of the transaction, the chief financial officer now directly owns 1,223,120 shares in the company, valued at $6,140,062.40. The trade was a 7.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 17.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital began coverage on Blade Air Mobility in a report on Wednesday, February 26th. They set a “buy” rating and a $6.50 price objective for the company.

Blade Air Mobility Stock Down 2.5 %

Blade Air Mobility stock opened at $2.73 on Tuesday. The firm has a market capitalization of $217.56 million, a PE ratio of -3.96 and a beta of 1.22. Blade Air Mobility, Inc. has a 52 week low of $2.60 and a 52 week high of $5.17. The firm’s 50-day simple moving average is $3.46 and its 200 day simple moving average is $3.67.

About Blade Air Mobility

Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.